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Federal Reserve Bank of Richmond Reviews
Found 88 reviews
Approve of CEO
Tom Barkin
4 Ratings
Pros
"Casual dress encouraged and work/ life balance" (in 22 reviews)
"Potential for long term employment with great benefits including pension plan" (in 14 reviews)
Cons
"Not innovative due to a lot of "process" requirements and red tape" (in 6 reviews)
"Extremely slow to change and adapt, held back by cultural norms and regulations" (in 3 reviews)
- Helpful (4)
"Research Associate"
StarStarStarStarStarI worked at Federal Reserve Bank of Richmond full-time
Pros
Balanced with work and life
Cons
Might be boring at some point
Federal Reserve Bank of Richmond2018-03-13 "Important Mission"
StarStarStarStarStar- Overall
- Culture & Values
- Career Opportunities
- Compensation and Benefits
- Senior Management
RecommendsApproves of CEOI worked at Federal Reserve Bank of Richmond full-time
Pros
You work with a group of professionals dedicated to public service and the important mission of the Federal Reserve
Cons
The federated structure of the System can be daunting for those used to a command and control structure
Federal Reserve Bank of Richmond2018-12-13"Research Assistant"
StarStarStarStarStar- Overall
- Culture & Values
- Compensation and Benefits
RecommendsI worked at Federal Reserve Bank of Richmond full-time
Pros
Very flexible hours, decent pay and exciting work
Cons
Sometimes a little low on work but you can use this to read other papers and improve programming skills. No room for career advancement.
Federal Reserve Bank of Richmond2018-10-21"Tired of being micro-managed."
StarStarStarStarStar- Overall
- Culture & Values
- Career Opportunities
- Compensation and Benefits
- Senior Management
RecommendsNeutral OutlookI worked at Federal Reserve Bank of Richmond full-time for more than 20 years
Pros
Pay, Benefits, Pension, Stability, Work/Life mix.
Cons
Management has taken up micro-managing experienced IT project managers. Spend more time doing reports and trying to make mgmt look good than managing projects.
Advice to Management
Let professionals do their job. Don't need to hold hands.
Federal Reserve Bank of Richmond2018-07-20- Helpful (1)
"It's what you make of it"
StarStarStarStarStar- Overall
- Culture & Values
- Career Opportunities
- Compensation and Benefits
- Senior Management
Doesn't RecommendNeutral OutlookNo opinion of CEOI have been working at Federal Reserve Bank of Richmond full-time for more than 6 years
Pros
There are lots of very talented people, you can telecommute, and the benefits are pretty good. Most managers are talented and seem to take pride in what they do, and they provide a good learning environment.
Cons
Poorly shared vision. Remarkably, executive management seems unable or unwilling to understand the day to day operation of keeping a large financial institution safe and stable. VPs and AVPs at times seem clueless and motivated by irrelevant non-sense and kingdom-building .
Advice to Management
Stop reorganizing, it is only making things more chaotic in an organization that is very immature from a process perspective. If you are downsizing staff, just do it . . . rip the band-aid off. You are destroying morale, and you've done a disservice to yourselves and staff thinking that you've kept the layoffs quiet.
Federal Reserve Bank of Richmond2018-07-16 - Helpful (4)
"Worst Place I’ve Ever Worked!"
StarStarStarStarStar- Overall
- Culture & Values
- Career Opportunities
- Compensation and Benefits
- Senior Management
Doesn't RecommendI worked at Federal Reserve Bank of Richmond full-time for more than 4 years
Pros
Benefits; onsite gym; parking and cafeteria
Cons
Racist! Slow to adapt to new leadership theories and technology
Advice to Management
Hopefully new leadership will change the toxic culture.
Federal Reserve Bank of Richmond2018-07-30 "Great Job"
StarStarStarStarStarRecommendsPositive OutlookI have been working at Federal Reserve Bank of Richmond full-time
Pros
*Salary *Benefits *Autonomy *Flexible work hours *You get to work with smart people
Cons
*Workplace Politics *Hierarchical *Food options could be better
Federal Reserve Bank of Richmond2018-06-06"Stable place to work"
StarStarStarStarStarRecommendsPositive OutlookI have been working at Federal Reserve Bank of Richmond full-time for more than 9 years
Pros
pay, benefits, variety of opportunities to be exposed to across areas of expertise and a system-wide community of practice. The organization is stable.
Cons
consensus-driven decision making slows things down.
Federal Reserve Bank of Richmond2018-05-30"Good benefits, no upward mobility"
StarStarStarStarStar- Overall
- Culture & Values
- Career Opportunities
- Compensation and Benefits
- Senior Management
RecommendsNeutral OutlookDisapproves of CEOI worked at Federal Reserve Bank of Richmond full-time for more than 6 years
Pros
Good benefits, staff is competent
Cons
No leadership opportunities, little is spent for development and training.
Advice to Management
Management is out of touch with staff members. Better communication is needed.
Federal Reserve Bank of Richmond2018-03-04- Helpful (3)
"FRIT, don't get too excited..."
StarStarStarStarStar- Overall
- Career Opportunities
- Compensation and Benefits
I have been working at Federal Reserve Bank of Richmond full-time
Pros
- Nice people - FRIT has a fantastic benefits plan
Cons
things to expect and things to watch out for: 1. recruiting - speculative that position you applied for may not actually exist yet, or ever. In my personal experience positions are being advertised and interviews conducted before they have budget approval. and yes, sometimes the position is cancelled between the interview and selection phases. 2. the interview - reasonable. if your know your subject matter you...
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Found 88 reviews